JPMorgan looks remarkably cheap against nearly every other bank despite being the best of them. Its forward P/E looks to be around 13. x.com 

U.S. Bancorp is cheap against its earnings at 11x, and 10x next year's, versus the 12x banks usually get. Fair value runs $61.28 to $77.99, or 12x next year's $5.80 EPS give or take 12%, above the $56.49 price. The call rests on valuation levels from reported earnings and estimates only, not fundamental work. x.com 

JPMorgan's miss on both revenue and earnings strengthens the case for avoiding bank and financial stocks. The earlier bank-index chart rollover had suggested possible profit disappointment, but the observed JPMorgan share weakness is not a near-term price forecast. x.com  x.com  x.com 

The market is pricing Constellation Software absurdly low. For the first time since the 2009 financial crisis, it trades at a lower P/E than Royal Bank of Canada. x.com 

The big six US banks should report great Q2 results as the front line of a solid economy. Net interest income, fee growth, steady credit trends and capital levels all look supportive, and valuations remain cheap, leaving opportunities to add. x.com 

Citigroup's rally looks overdone. It is not a super-premium franchise, yet the stock has tripled since 2023. CEO Jane Fraser's plan is working and the shares were far cheaper than other money-center banks for the past decade, as @RAMCOCAPITAL notes, but the market seems to be making the wrong call on whether Citi is a credit card issuer or an investment bank and broker, though that view could be mistaken. x.com  x.com 

Independent Bank Corp. looks cheap against its earnings. The holding company for Rockland Trust trades at 14x trailing earnings and about 10x next year's, while banks usually get 12x. Fair value is $87.09 to $110.84, based on 12x next year's forecast $8.25 a share, give or take 12%, so the stock sits 9% below the low end of fair. It would be expensive above $89.28. The call leans on the forecast, which is 48% above trailing earnings, and is based on levels only, not fundamental work. x.com 

Regional banks rejected a double top at their 4Q21-1Q22 peak, and pumping them now is market foolishness. Rising yields, falling high-yield and investment-grade corporate bonds, and collapsing real estate all argue against owning them. x.com 

Citizens Financial looks cheap against its earnings, at 14x trailing and 10x next year's when banks usually get 12x. Fair value is $69.04-$87.87, or 12x next year's $6.54 EPS give or take 12%, so at $63.07 it trades 9% below the low end; it gets expensive above $73.44. The view leans on forecasts, with forward earnings 42% above trailing, and is levels only, with no fundamental work. x.com 

Equity Bancshares looks cheap against its expected earnings at $47.54. It trades at 28x trailing earnings but about 9x next year's, versus a typical 12x for banks. At 12x next year's $5.47 EPS, give or take 12%, fair value runs $57.79 to $73.56, leaving the stock 18% below the low end. The case leans on the forecast, with forward earnings 222% above trailing, and rests on valuation levels rather than fundamental work. x.com